Answer: £14378
Step-by-step explanation:
We would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = £11000
n = 1 because it was compounded once in a year.
For the first 3 years,
r = 3.9% = 3.9/100 = 0.039
Therefore,
A = 11000(1+0.039/1)^1 × 3
A = 11000(1.039)^3
A = $12338
The new principal is 12338
For the next 4 years,
A = 12338(1.039)^4
A = 14378
The answer is 3
6r+2
R=1/6
6(1/6)+2
1+2=3
You just need to know how much 10% is and then you just divided what 10% is and that will be equal to 5% and then you just add the 10 % and 5%
Nothing is showing up for me can u type it or is it too much
You are correct for the first part, you would be 16 and your Mom would be 44. After 8 years, you would be 24 and your mother would be 52. You solve the second part by adding 8 to 16 which equals 24. Then multiply 24 times 3 which equals 72. Lastly, subtract 20 from 72 to find your mother's new age. Which would be 52.
Hope this helps !
